REGISTERED CIL4RITY Nu[BER.. 1131911 REPORTOF THE TRUSTEES AND FIYANCIAL STATEMEYTS FOR THE YEAR EDED 31 DECEIllBER 202Q FOR THE PAROCHLiL cHLCH COUNCIL OFTHE ECCLLSIASI'IC,IL PARISH OF_ST PETEIL 4ROLD IVOOD Fran¢is James & Partners LLP Chartered Accountsnts and Stawrory Auditor 1386 London Road Leigh on Sea Essex SS9 2UJ
THE P,IROC.HI..II. CHLTRCH COUNCIL OF THE ECCLESIASTIC.4L P.4RtSH OTr ST PEI'E HAROLD W(IOD CONTE)4TS OF THE FI.NLYCIAL STATEMENTS FOR TIIE Y£IlR ENDEDJI DECEhlBER 2020 Pagt Report of tbe Trustees Report of the Independent Auditors 7 10 10 Stxt¢m¢nt of Activities B#lxn¢e Sheet 12 Cash Flow Staitmetti Note$ to the Cx$b Flow Stteffttnt 14 Notes to the Finxnril Statern¢ts li to 24 Detailed S12temeDt of FiTranci¥l Activities 25 ro 26
THE P.4ROCHL4L CHL'RCH CODTr4CIL OF THE
ECCLESIASTIC.4L P,IIUSH OF ST PLI'ER
IL¥ROLD WOOD
REPORT OF THE TRLSTF.ES
FOR THE YEAR ElDED 31 DECENIBER2020
The mistees pres¢ni ttL¢U i¢pon with ihe flnancial siaiem¢Thts of ihe charity for ihe year end¢d 31 De¢etnb¢r 2020. Th¢
tnLStees have adopted the provistoJJs of Accouttijng atKI liewTrrting by ChaTilies". Siaiement of Recommended Practice
applicable to chanties prepanng theii attoun¢S in accordance with th¢ Financix] Reponiz]g Stsndard 2pplJeable in the
UK and Republic of Itelatml (FRS 1021 leffeciive l January 20191.
Looking Back.. A review of ChuTth f•nily financ dun.ng 2020.
The 2020 Budget was developed in resporLse 10 a number faciors which the PCC knew would have to be planned for. For
example", an inerease Jn rtumbeis, a Tevjew of sa]ary ¢osts, a small Crease on the pansh share, the cosi of building
repaiTS. fees. litertces. Jnswances etr and an updwing of the Technology used in church servites We also had to make
provision foT the potential fukancial ou¢
THE PAROCHI,IL CHL,RCH COLTrICIL OF THE ECCLESL4STIC.4L P.4RtSII OTr ST PLI'ER LDW REPORT OF THE TRUSTEES FOR THE YE.4R ENDED 31 DECE.MBER 2020 ACHIEN'ETrI IF.YT A.N'D PERTrORLlbLNCE These are fully deiailcd in ihe annual report. FINANCIAL REVIEW Financial positio Ineome Review Total income for utjresiricted and iestritted filt was £561,696 inclusive ofGift Aid rax refvnds and baDk inteTesi. General Funds." Ove[211 Intotne was £544,312, lirkclusi&¢ of 79.531}. from two gift days, and £30,128. legacies). Restricted Fund5." Total incoTne wa5 £17.384. from a iotsl of seven differ¢ni fid$. F.xpenditure Review Totsl expenditUT¢ was £472.613 from General Fund. £13.321, froTn D¢5ignated Fwids. and £22.901 from Restricted Funds. Unre5tri¢ted Funds". Overall expenditure was £485,934. {In¢luth"ng £13.321. tthkg Temj MainieThanc¢ FuTLd- Buildings). Restricted Funds.. Restyicied fund expeThdimre of £22,901 from a iolal of M different funds. End Of Year Balance of General Fund .. The fal ouicome wa5 a surplu5 of £29.181. Aftei ttanslers other funds. Funds carried fon¥ard.. Toial £275,683. {Gencral fund 5111n btsih these accounts= £247,366. Restricied sum- £28.317). Thi5 include5 the £IOO,000 in Fixed Assets relating lo lh¢ prortY in Horold Coun Road which is owned by the church. 196.190 & Designated fithd sum - £5 I,176. Total for Reserve5 policy The ChuTeh aIms to hold resetves equal 10 8pproxtmaiely three months red overheads. Details of fjnancial performance are ouiliThed ID the annual r¢pon. FUTURE PLANS A plea, io carry on OUT good works and noi grf COTnplacent. We are Whe we ate by ihe grace and goodneis of God. Let U5 continu¢ to show our dependence on Him by praying thai lft Chtisi he mighi supply our every need, free us from a love of moncy and make us ever more generous and commiited io gospel tninisty here at Si Peiels and beyond in ihe year5 ahead. STRUCTURF., GOVERNANCE AND NLiP4AGEMI ENT Governing dotumtnt The church is governed by the Parochial Church Council IPowetsl Measuie {1956} &8 amended and church representation ndes. Recruitrnent and appoiDtment of tru51ees TTU5tees are eletted by nxett)bers of the church electsjrdl roll ai the annual geTheral mecling. P3g¢ 2
THE P.4ROCHI.4L CHLRCH COLThCIL OFTHE ECCLLSI.4STIC.4L PARISH OF ST PF:TEIi HAROLD WOOD REPORT OFTHE TRUSTEES FOR THE YEAR EINIDED 31 DECEMBER 2020 STRucfuRE, GOVEILyCE )D MALNAGEMEIYT Org#nisaiional strll¢itsrt Mernbe15 of the PCC ale either ex officio or elec*d by the annual PaTochia] ChuF¢h Tneetjng in accordance the church represeniaLioti Nles. During the year the following setved as members of Ihe PCC.. In¢umbent: Rev R Hudson Wardens.. Mr LM Harri%)o. MIJCha Trea$urer Ms A Penn Clergy & St#ff-. A550CiXtt P¥lirtisttr$: i IRPOW Mr J Baker Cur3te.' Mr A Bellis Church Centre tnanxgÈr= Miss E Agnew Page 3
TFIE P.4ROCHL4L CHLRCH COL'YCIL OF THE ECCLESL4STIC.4L P.41USH OF ST PETE ELIROI.D IVOOD REPORT OF THE TRUSTEF.S FOR THE I'E.4R ENDED 31 DECE.IIBER 2020 STRL'CTURE, GOVEIknI4LNCE AND LIAGEMENT Induction and training o( new trustee5 TTusiees are PrOlded wilh a copy olihe Church of Ellglattd pamphler ' Trust¢e5hip - an iTLttoduction for PCC members. Related parties This is Fully explained in the to the accounts. REFEREINCE AND ADMINISTRATIVE DETAILS Registered Charity Printipal address Si. Peier's Church Gubbins Lane Hgrold Wood Essex RM3 WA Trllstees J Davi5 M Harrison L MO15 C Knowle5 IMDJeffery ts5 L Bowden P Thompson Mr5 M Willingham J Chart J Scully Rev R Huds(pn A Tibbott AP¢n C Okoli A Cook DT K Ogedegbe J Norttsn J Hams Rev R Power S King lappoiTJied 22,.'9120} S Read lappoinied 2219QO) Auditors Franc15 Jam¢s & P2Ttners LLP CharteTed AcLouniants and SLqDJiOry Auditor 1386 London Road Leigh on Sea Essex SS9 2UJ Page 4
THE PAROCIILIL CHLRCH CObryCIL OF THE ECCLESIA.STIC.4L P.4RtSH OTr ST PETER. 11,KROI:D REPORT OF THE TRUSTF.F.S FOR THE YF.AR kYDED 31 DECE.IIBER 2020 REFEREINCE ANI D ADMINISTRATIVE DETAILS Banker$ Natiot)al W¢5tminst¢r Bank PLC South ofEn2land Corporaie Services Centre eiail Audits Tea PO Box 333 Silbury House 3(X) Silbury Boulevard Milton Keynes MK9 2ZF CAF Bank PO Box 289 West Mi alling Keni ME194TA Virgin Money Saving5. Jubilee House. Gosforth, Newcasile u>ll Tyne. NE3 4PL PUBLIC BEEFIT The annual report d¢scribE5 the a¢tivilies uNdeTtsken by the charity during the year fvrther, in the opinion of the Iru5tee5, its chariizble purposes for public b¢nefiL rhe trustees are of the opinion Ihai they have COTnplied with the dtsty In section 17 of the ChaTiues Act 2011 to have due regard io ihe public benefit guidance publjshed by the Charity Commission. STATEMENT OF TRUSTEES. RESPO.YSIBILITIES The llustees are iesponsIble for pr¢panng the Report of ihe TTus¢ees and the financia] statements in accordance with appliGable law and Uniied Kingdom Accounring StsEJd3r4Js {United "EdOM Genera]ly Accepied Accounting Piactitel. The law applicable io chariiies in England atld Wale5. the Chatilies Aci 2011, Charity IAccounts and Report51 Regulations 2008 and the provisions ol the In1 deed requires rhe trustees to pr¢y3Te finattcial siaiemenis for each rinancial year which give a and fair view of Ihe stale ol att31ts of the chariry and of the incorning iesouT¢e$ and applicaiion of resources, including the irtcome and extndimre. of the Cha. foi Ihat peno(L In prep2ring those rinancial siatem¢rits, the ttustees ate required to select suitable accou#titLg policies and then apply ihem consistendy: observe Ihe methods and principle5 in the SORP.. make judgements aTLII ¢stimate$ thai are reasonable and Prudent: Stale whether applicable accouniing standards have beep (ollowe(L subjeci io any mateTial depaTtuies di5¢1osed and explained in ihe financial statrnents: prepare the financial ststemenis on the going coucern basi5 unless il is uJ4)propriate to presume that th¢ chatity will conlinut In business. The tntte5 are respotksible IOT keeping proper accouniing re£ords W"¢h dis¢lose 7th reasonable ac£uracy ai any lime the fjnancial po51tion of the chariN and io enable thern io ensure the lITwla] staiemeDtS COTtLplv with the ChaTities Acl 2011. the Charity IAccounrs and Reports) Regulions 21X>8 at)d the provisions of the wst deed. They aTe also Fesponsible for safeguarding the assets of the tbariry and hence for iakl'ng ie850nabl¢ steps for Ihe preiertlion and detection ol fraud and oth¢r ittegulaTities. Page 5
THE P.4ROCHI.4L CHLRCII COLNCIL OF TIIE F.CCLESI.-ISI'IC.-IL P,IRISH_OF ST PETE ROLD IVOOD REPORT OF THE TRUSTEES FOR TIIE YE,IR E)DF.D 31 DTr'CE_IIIIEK 2 Approved by OTder of the boaid of ttusttts oTh............ . aThl sjgned on Jts behalf by.. M Harr150n- Trn8iee Page 6
REPORT OF THE ILNDEPESDEIYT AUDITORS TO THE TR THE P..IROCHI.4L CHbRCH COL.INCIL OFTIIE ECCLESIASI'IC.4L P.4RJSH.OF ST P.EJE H.4ROI.D IVOOD TEE OF Opinion We havc audiied Ihe flnanci statetnenrs of The ParochLaJ Chutch of the Ecclesiasrical Parish of Si Peter. Harold Wood (the 'chanty) for th¢ year ended 31 December 2020 which ¢OmPTise the Siaiemeni of Fitjancial Activities, Ihe Balance Sheei. the Cash Flow Statement and noie$ 10 the fJnaThcial siatemenrs. including a summary of significani accounting polsci¢s. The finatlcial Tq)onLng fratWOrk that been applied in their preparaiiotl is applicable law and United Kingdom Accouniing Swjdards (Uniied Kingdom Genetally A¢c¢pied Actouniing PTacticel. In our opinion the financial stal¢Tn¢nts'. give a tsue and fajr view of Ihe slate of ihe chan'iys affairs as at 31 December 2020 2nd of ils incoming resources and applicalton ofTe8ources, foT the Y then ended.. have been prop¢rly pr¢paT¢d in accordanc¢ w'ith United Kingdom Gejheraily Accept¢d Accouniing Pra¢tite." and have been prepared in accordance wilh the requiremenr5 of the Chatiti¢s Act 2011. Basis for opinio We eortdueied our audii in accoTdance '11h Inlernaiional Standatds Auditing IUKI IISAS IUKII and applicable law. Our responsibilities undeT those stsndards are fiwther descnbed in the Auditots, responsibilities for ihe audit of the rinancial siat¢men15 5eciLOn of our r¢Fx>rt. W¢ are independent ofthe charity in accordance with th¢ ethical requiTements that aTe Televani 10 our audit of the financial stsiements in the UK. includiDg the FRC'S Ethical SiandaTd. and we have fulfslled our other ethical TesponsibJlilEes in accotdanee with these requirements. We believe ihai Ihe audit evidence we have obtained is suffscieni atld appiopriatc w ptoviik a basi5 for OUT opinion. Conclusion5 relatiDg io going ¢oR¢¢r In auditing the fittancial siat¢m¢nis. w¢ have concluded thai the t¢¢5. us¢ of the goithg concern IlS of accounting ill Ihe preparation of th¢ finan¢ial $tatemeDts Is appropnaie. B2sed on ihe WQTk we have peTforme(L we have not idertlified atty mar¢rial utLCertainties rtlaiiDg 10 events or condiiions that. Individually or collec¢ively. may casi 5ignifi¢ani doubt on the thatitrfs ability 10 coniinue as a going concern for a period of at least twelve mottths from when the [anCial siaiements auihotised foi issue. Our respotLsibiliiie$ and the res]xTrnsibiliiies of ibe teeS wilh r&spect to goiTbg corteem are described in the relevani sections of this repon. Other inlormation The trnsiecs are rtsponsibl¢ for the othu infoTmtion. The othet iAforn)aiion comprise5 the information Included its ihe Annual Repott. other than the financial SLiiements and our Rqx*rt of the Independent Auditots thereon. Our opinion on ttle financi2] statements does noi cover ihe oiher infoTmation exeepi 10 the exieni oiherwise explititly staod in our repon. we do Dot expre55 any fotm Of assunnce wthc18i0n thereon. In conne¢tiott with ottr audit of Ihe fittancia] stal¢rnents, out resw)nsibilJry is io read the other information and, In doing so, consider whether the oiheT lrtfomu¢ion is maienally inc4)nsisletLr with the fiToncia] staiemettts or our knowledge obiaitJ¢d in the audit oi oihtnvise appears (o be materially Tlli55Uted_ If we identify such maierial inconsisiencies 01 app2Tent material mi5sial¢tnents, we are iequiTed to deiemjirte whether ihis give5 rise to a tDaienal missiatement in ihe flnancial slaletnents themselves. If, based on Ibe work we haTre perftsTtne¢ we eonclude thar there is a t[terial misStatemenL of Ihis other inforFnalion, w¢ aTe reqttired to rtport thai facL. We have llothing io TepDrt in this iegard. Matter5 on whith we are required ro report by exception We hat noihing lo rep)rt res¢1 of the lollowtng matters where the Cbariiie5 (Accounts and Repoftsl Regulaiions 2008 requires US to reptsrt to yoll if. In out OPmiOn'. the infortnaiion Ven in the Report of the TrMe¢S is inconsinI in any matrrial respecr 1th the IanCial StaieTnertts; or suffjcient accounisng recoids have not been kepi; or Ihe financial staieTnentS 2re rtoi irt agreemenr with the accounting recoid5 and Tethjrns. or we have not received all Ihe infornli0Th and ¢xplanalions we requiie IOT our audit. Pag¢ 7
BEPORT OF TIIE lINDEPEyDE ALTDITORS TO THE TRUSTEES OF_ THE PAROCHI.4L CHLRCH COL,NCIL OF THE ECCLESL%STIC,KL P.4IUSH OF ST PETE FL4ROLD IVOOD Responsibilities of trustees As explained Tnvie fully in the Statement of Twst¢es' RestK>nsibiliii¢s, the tnte¢S are reS>Sible for the preparation of Ihe financial staietnents wtkich give a mle and fair Vie.. and for such inicrnal control a5 the trustees deiernline is necessary io enable (he preparation of finantjal stst¢Tnents that are trte from material misststement. wheiher due t() fraud or ertOI. In preparing Ihe financial sthiemenis. the trnsiees are resptsThsible for assessing the chariiys ability to cortiinue as a going toncern, disclosirtg. a¥ applicable. Tnatt¢15 i¢lat¢d to goirbg conceTh and using th¢ going contern basis of accounting unle55 the Itustees either iniend to liquidJr¢ the cbariry or io cease operations. or have realistic altetnaijve but io do so. Pag¢ 8
REPORT F THE ILNDEPE_NDEIYT.4LTDITORS TO THL TRUSTEES_QF 'rHL P,IROCIII,IL CIILRCFI COUN'CIL OF THE ECCLESIASTIC.4L P.4RISH OF ST PETE H..IROLD IVOOD Our respollsibilities lor tbe audit of the financial staterDents We have been apwinied as audilots urtder Seciiun IM of the Charities Aa 205 l and Tepon in a¢eordance with the Aci and relevant regulations made or hallg effect Ih¢TeundeT. Our objeciives are io obtsin reasonable &ssuratKY aknut whether the financial stsi¢ments as a whole aTe Iree from rnatenal misstaiemenl. whether due to fraud QT eor, and tts Jssue a Rtpon of the Indqjelldeni Audjtots that includes our optniork. Reasonable assurance is a high level of assurance, bui is noi a guatanLee that an audit conducted itt aceotdallce with ISA5 IUKI will always delect a maienal misstaiemeni when li exis. Misstatements can 3Ti5e from fraud OF ¢Tror and ale Lonsideted mateTial If. Indjvidually or in the ag8Tegate. they could reasonably be expected to irLfluenc¢ the economic decisiotjs of u5er5 tsken on the basis of ihese financial sLeTentS. Irtegulaniies, including ftaud. are Instarts of non4ompliance with law5 and regulations. We design PTocedur¢s in line with OUT reSPtslbII]IlC$, outlin¢d above, to d¢teci Fnatrial m15Statements irt respeci of i¢gula17t1es, including fraud. The extcnt lo which our procedure5 are capable of deieciing irregulaTiiies. in¢lwJing Etaud is detailed below.. Th¢ natUTe of the industry and 5¢Ctor. corLtyoI ¢nNironm¢ni and business petforniance Lncluding the design of the Church's policies, key drivers for trusiees remuneraiioTh: results of our enoui11¢5 01 tnanagerneDL inteTnal audit and the Audit & Risk Commillee aboui their own ideniification atjd assessment of Ihe risks of irreguiariiies. any tnatter5 we idenrificd having obtained and reviewed the Church's do¢wDentstion of ihcir policies and procedures relating 10-. idctitifying. evaluating and complying wilh laws atml regulations and whethei they were aware of any instance5 of noncompliance; deiectitlg and responding to the risks of fraud and whether they have knowledge ol any aemal. suspected or alleged fraud., the internal controls tstablished to mitj8atr risks of fraud or non-c0mpliac laws and rtgulaiions; the matters discussed amojjg the audit engagement ieam inclUdg signifLc8nt cotnp)nent audit teams and inwolviDg relevant intetnal 5pecialisls,regaTding bow and where lrnid Tnighi oc¢ur in the fitJ2ncial staiemenLS and any poLential indicators of fraud. A5 a $11 of these PToceduTe$. we tonsideied the Oppornli1eS and incentives ihat may exist within the QTganisation foi fraud. In common with all audits under ISAS IUK}. we are a150 fwuiTed to perloTm sl[le procedures to respond to ihe risk of management oveTride. W¢ also obiaind undeTsianding of the lega] and tegulaiory frameworks thai ihe ChuTch operates in. focusing on PTOViSiOllS of those laws and regulaiions ihai had a direci effeci OTh the determination of maittial amounis and djselosures in the finatkcial statements. The key laws and r¢gulalioThs we CtsllgLdeied En ihis contexi is the Chariiies Act. 2011. In addiiion, we consi(kTed PTOVi5iOnS of other laws and Tegulations thai do ttoi bave a direct effect on the financial statements but ttsmpliance wilh which may be fwidamenial io ibe Church's ability to opernte OT to avoid a rnaterial penalty. These included compliance with the methodisi churrh Tults and iegulations. Our procedures 10 resp)nd risks identified included the followillg= reviewing the fiTLancia] sta¢¢meni th"s¢ltssutes and testing to supporting documentsiion to assess ¢OTnpliance with provisions of rele%'atJt laws aJMI regulations described as having a direci effeci on the fu)anLial stsiemertts. enquiring of management, Ihe Audir & Rj'sk Cotnmiuee sn-ILouse and external legal counsel concernin8 actual and potential litigation and claitn5. perfortning an21lta1 piocedures 10 ideniify any urt81 or unexpect relaiionships that Tnay indicate ris of material misstaiemeni due to fraud: - reading tninuies of tneeting5 of those charged w'ith govetnance and Page 9
REPORT OF THE DEPENDE)14T AbDITORS TOTIIETRUSTEES OF THE PAROCHIAI. CHL'RCFI COLTh, CIL OF THE ÈCCLESI..ISTIC.4L P.4RISII OF ST PF.TF.R HAROLD IVOOD In addressing the risk of fraud through management override of controls. testing the approptiaten¢ss of jOUTnal entries and otheT adjusrmenis." eSsing whetheT the judgements made in m8kithg accouniirtg esrimaies aTe indicarive of a potential bia5", and evaluating th¢ Tationale of any significant transactions that aTe wiwual (Fr ouiside Ihe normal tourse of operations. We a150 commiitiicated relevknt identifi¢d law5 aTrd regulations and p)tential frdud nsks io all engagement ieam members. and T¢Tllained alett lo any indicaiions of fraud or noncompliance with laws and TegulaiIons Ihroughout the audit. A funhcr description of our Yesponsibilities for the audii of rhe financial stsrements is loJtrd the Fittancial Reportittg Council's wtbsiie ar vw.[rc.oTg.UaUdirorsresIb*]l1ieS This description fotm5 part of OUT Rep)n of the Indepertdeni Auditors. Use of our report This report is made solely io the charity's (nLsiees. as a body. In accordance wilh Part 4 of Ihc ChaTili¢S IAc¢out]t5 and RepotE51 Eiegulalitsns 2008. (Mi audit WOTk has been undeT¢aken so ihai w'e Mighi stale to the charity's Irusiees those mailers we are required 10 siaie them in an ali10[s. iepon and for Tho other purpose. To ihe fullest extenl [[nItted by law. we do noi accept or as$utne reswinsibiliry to anyone otheT the tbanty and the chariry's mjsiees as a body, for our audit woik, for this repotl, or for the opiniorb5 we have formed. Francis Jatn¢s & PartneTS LLP Chartered Aecouni8nts and Stawiory Auditor Eligible to act a5 an audilor in letms of Section 1212 of the Companies Aci 2>6 1386 London Road Leigh on Sea Essex SS9 2UJ Date". 16th JULY 2021 Francis James & Panners LLP is eligible io aci as atl auditor in lertn5 of s¢tlion 1212 tsf the Companies Aci 2006 Page 10
THE PAROCHI,II.CHL'RCH COLNCII. OF THE ECCLESI.4STIC.4L P.4RtSH OF ST PETER HAROLD WQOD ST.4TF.MEIYT OF FINLNCI,IL .4[vIT1F.s FOR THE ITAR EI)DED 31 DECEMBER 2020 2020 Total 2019 Toral fiLnds Ut)restrieted funds Resirieted No ITrICOTrIE AIYD ENDOWTrIE.YTS FROM DonaEion% and legacies 533,362 17.384 550.746 502,446 Chariiable aetiities Religious ActiN'I11¢5 10.352 10.352 8.091 Other income 598 598 185 Total 544.J12 17,384 i61.696 510,722 EXPEIYDITURE ON Charitable ttivitie5 eligious ActlVLtie5 485,934 22.1 508,835 510,877 NET INCOI¥IEIIEXPEYI DITUREI 58.378 {5.517} 52.861 Trin$fers between luttds 14 112,5181 12.518 Net movement itt (und$ 45.860 7.IN)I 52.861 RECONCILIATIO OF FUNDS Tolal lunds broughi forriard 201.506 21.316 222.822 222,977 TO'fAL FUNDS CARtUED FORWARD 247.366 28,317 275.683 222,822 The noles fotm pan of these fan¢121 ststeTn¢nts Pagell
THE P.4ROCHI.4L CHLRCH COUN'CIL OF TIIE ECCLESI..ISTIC,iL P..IRISH OF ST PETE H.4ROLD WOOD BAL.4NCE SHEET JI DECE)IB Tr-K 21120 2020 2019 N01¢5 FIXED.4SSETS Tangibl¢ a&sets I,000 100,ooo CURREINT.4SSETS Stocks Debiors C2sh in hand io 3.867 39,193 180.478 3.263 26,056 148,676 223,538 177,995 CREDITORS Amounis lalling due within one year 12 147.8551 {55,1731 NET CURRENT ASSETS 175,683 122,S22 TOT AL ASSETS LESS CURREIYT LIABILITIES 27i,683 222,822 NF.T ASSETS 275,683 222,822 FLNDS UleStriCted funds Resiritted funds 14 247,366 28.317 201,506 2L,316 TOTAL FLDs 275.683 222,822 The Iinan ial siattmLnts were approved by the Board of Ttustees and auihorised for issue on A Penn- Trustee M HaTrison- Tmstee The notes fotm pan of these fuwJci81 siatemenii Pag¢ 12
TIIE P.4ROCHL4L CHL.RCH COUNCIL OF THE ECCLESI.4STICAL P.4RISH OF ST PETEIL L4ROLD I00D CASH FLOW ST.4TEIIENT F.OR THF. YF.AR ENDED_311)Tr'CE,MBER 202Q 2020 2019 Notes Cash flows Irom operating activities Cash generated from opetsiions 31.802 34,102 Ner cash provided by openiing activities 31.802 34.102 Change in casb and cash equIvei$ in the reporting period Cash and ¢asb equivaleDts at the beginlling o( tbe reporting period 31.802 34,102 148.676 114,574 Cash ¢#$h equivalents at ibe eNIJ of tbe reporting period 180.478 148,670 The notes foTm pan tsf these fuwi¢ial 5tatem¢nts Page 13
THE P.4ROCHIAL CHURCH COUNI CIL OF THE ECCLESI.4STIC.4L P.4RISH OF ST PETEIL FL4ROLD WOOD NOTES TO THE C.4SH FLOIV ST.4TEIIENT FUR THE YEAR E.NDED 31 DECEMBTr:R 20211 RECONCILI.4TION OF •4F.T INCOIIEIIEXPEI%DITL.REI TO NET CASH FLOW FROM OPERATIYG ACtIVlTIES 2020 2019 et ineomelleypenditurel for the reportittg period las per the Statement of Financial ActiYitie51 AdjustmeDt5 for- InLiese in stixks Ilncr¢aselldttrease in debtors ID¢creas¢yincTease in Crediiors 52,861 1604} 13381 16,87? 17,723 17.318} Net tx$h pro5.ided by operxiions 31.802 34,102 A.NAL YSIS OF CHANGES IN ET FUNDS At 111120 Cash flow Ai 31112120 i et cash Cash 21 bank and in hand 148,676 31.802 180.478 148.676 31.802 1 $0,478 Total 148.676 31.802 ISO.478 The notes form part of these tclaI statements Page 14
THE PAROCHL4L CHITRCII COLINCIL OF THE ECCLESI.4STIC.AL P.4RISH OF ST PETE HAROLD WOOD IIOTES TO THE FINANCL4L ST.4TEIMENTS FOR I'IIE YI=AR LN'DFD31 DECEMBER2020 ACCOUINT1G POLICIES Basi5 of preparing tILe finaD¢ial statements The Iinancial siaietnenis ol the chariry. whlrh 1$ a public benefit entity under FKS 102, have been prepaT¢d in accordance with the Chariiies SORP IFRS 1021 'Accounting and Reporting by Chariiies.. StaicmtTht ol Recommended PraciLce applicable to chatitits prepanng iheir accounts in accordance with the Finan¢i Repotfing Siandatd applicable in the UK and Republic ol Itelartd (FRS 1021 leffeciive l January 20191,, Financial Reporting stara[d 102 The Financial Reporting SwidaTd applitable irt the UK and Republic of Ireland, and Ihe Chariiies Aci 2011. The financial sraiements have b¢¢n PTepaTed undei the hisronc21 cost tonveniion. Income All income is recogrtised in the Statement of Finarteial Aciiviiies once the charity has entitleTn¢nt to the funds, it is probabl¢ ihat lh¢ income will be received a[ rhe amowit can be tneasuTed reliably F.xpenditurt Liabilities are recognised as expendiDJre as soon as there is a leual or construttive oblisaiton ¢4)mmitting ihe charity 10 Ihai expendjiure, it IS Probable thai a itansfer of economÈc ben¢fJts will be required in settlerneTht aod the OUnt of the obligation ¢an be msU[Cd reliably. ExpenditUTe is atcounied for on an accruals basis and has been classified under headings thai aggr¢ga all cosi related io the category. Where tosts cat01 be directly attnbuted to particular headings they have beel) allaled io aciiviues on a b&8LS COtisistctLt with the use ol resources. Tangible fLTed assets DepTeciatioTh is provided the following aT1 tes IEX order io wriie off each asset over its estimated useful Freehold Property 0¢ provided Stoeks Stocks are valued at the lower of cost and nei realisable value, after making due allowance for obsolete and slow moving ioms. Taxatio The charity is exempt from rax on its charirable acrivities. Fund accouttting unrtriCted fund5 can be used in accordance with the ¢]]atitable ()bjectives 21 the discretion of the irusiees. Restricied fi]nds can only be used for particular resmcied putFx>ses within the (pbjects of the chariry. Kestriciions arise when Specified by the dontsT 01 when fi[[ are Aised for particular restricted PUTpose5. Further ¢xpl3nation tsf the natte and pwse of eatb fund is included in the notes the f]nancial ststetnents. Hire purchase and leasing Com1¢]ellts Rcnials paid UTLdeT 0[8[]g leases are charged to the Ststement of FiDancial Activlties on a straight line ba55S over the penod of the lease. Pension costs aDd other p05t-retireThtNt beHtfits The ¢hariry operates a defjned toninbuiion pension scheme. ContribuiioDs payable 10 the ¢lLatity'S pension scheme 2re charged 10 the Stsiement of FiDdncial Aciiviiies in the peTiod to which they Felaie_ Page 15 continued...
THE P.AROCHI,11. CHL'RCH COUTr4'CII. OF THE ECCLESI.4STIC.4L P.4RtSH OTr ST PLI'E H.4R NOTES TO THF. FIN,IN'CIAL ST.4TE%IENTS- Cotilled FOR THE YEAR ENDED 31 DECE.MBER 2020 DOIYATIOINS A,ND LEGACIES 2020 2019 Covellaftts & free will offeTing GEft aid Collections (open platel ai ail services Othei donations Other fullds 320.487 99.009 2.717 81.022 47,511 333.389 73,309 11,625 63,793 20,330 550.746 502.446 IINCOME FROM CHARtT.4BLE AcrivrtlES 2020 2019 Aciib'ity Sale of advertisiTrg, tx)oks. ek Religious Arti11t$ Oihei incotne Religious Aaiviiies 105 10,247 2.213 5,878 10,352 8.091 CH.4111TABLE AcfiviTIES COSTS Support osts (5¢¢ note 51 DiTec¢ COSLS Totsls Religious Aciiviiies 497,243 11,592 508,835 SUPPORT COSTS Managemeni Finance Totsls Religious Activities 11.356 236 11,592 TRUSTEES. REIIUNERATIOli AND BENI EFITS During the year salaries of E 24.3(2019.. £ 27,3251 were paid 10 trustees. Tru$tee5' eipen5e$ TTusiees exp¢ns¢5 of £ nil 12019-. £nil I were reimbursed duting the year_ Pag¢ 16 continued...
THE P.4ROCHI.4L CHLTRCH COLTNCIL OF THE ECCI.F.SI.4STIC.41. P.4RIS_H OF ST PETEIi 4ROLD WOOD L OTE.S TO THE FINA_NCI.4L ST.&TEIE1TS- tontilllled FOR TIIE YEAR E.NDED 31 DECF.MBLR 2020 STAFF COSTS 2020 2019 Wages and salanes Social 5ecuriry costs Oiher pension costs 99.317 4.110 7,402 92,423 4,298 8,689 110.829 105.410 The aver4e monthly nutnber tsf employffs duting the year was as follo". 2020 2019 Administrativ¢ & Support No ¢Tnployees rec¢iv¢d ¢moluTnents itl exce&s of £60.(IX). COTrIP.4IL4TIVES FOR THE sT.ATEIEllT OF FINANCIAL ACTIF¥lTIES Unrestricted R¢stri¢L¢d funds Total funds tNCOlfE AND ENDOWNIENTS FRoftrl Donaiions and legacies 486,116 16.330 502.446 Charitable activitie5 Religious Aciivities 8,091 8,091 Other income 185 185 Total 494.392 16.330 510.722 EXPENDITURE Oly Charitable activities Religious Acriviiies 489.787 21.090 510.877 NET 1ColL IEIIEXPENDITUREI 4.605 14,7601 TraDsfer5 between fund5 1.613 11,613 Net movement in fllnds 6.218 (6.3731 11551 RECOYCILIATION OF FitNDS Total funds brought forward 19i,288 27.689 222,977 TOTAL FUNDS CARRIF.D FORII'ARD 201.506 21,316 222,822 Pagt 17 conrinued...
THE PAROCHI.4L CHURC.H COUYCII. OF THE ECCLESI.4STIC.4L P.4RISII Ob ST PETER FL4R LDW OD YQTES TO THF. FIP4ANCIAL STATEKIF.YTS- tontithued FOR THE YEAR ENDED 31 DECE.MBER 2020 TANGIHLE FIXED ASSETS Freehold property COST At l January 2020 arKI 31 December 2020 100,i)00 NET BOOK VALUE At 31 tkLetnber 2020 100,000 At 31 tkcember 2019 100,000 No depreciaiion is provided irk respeci of the Freehold Properry as io the opinion of the truste¢s the propeny 1$ Tegularly maittiajned (o hjgh standard and is unlikely to lall In %xlue. Other fjxed assets are ext*nsed as they are mcurred in accordance wilh the guidan¢e wven In th¢ church accounting regulations 10. 2020 2019 Siock5 3.867 3.263 DEBTORS: AI¥IOUNTS FALLING DUE WITHIN ONE YE.4R 2020 2019 OtheT debiors Income rax recoverabl¢ 14,401 24,792 5.318 20,738 39.193 26,056 12. CREDITORS.. ATrIOUNTS FALLIING DL.E WITHIIN ONF. YEAR 2020 2019 Other credilOTS 47,855 55,173 ij. ANALYSIS OF NET.4SSETS BETWEEN FL'YI DS 2020 Totsl funds 2019 Totsl fi)d5 Unresiricied Restricied hmds Fixed assets Current asseis Curtent liabililies I,000 195.221 {47.8551 100.000 223.538 147.8551 100.000 177.995 155,1731 28,317 247.366 28.317 275,683 222,822 Page 18 cortiinued...
THF. P..IROCHI.4L CHL'RCH COLThCIL OF THE ECCLESL45TIC.4L P.41USH OF ST PEI"F.R H,IROI.D WOQD NOTES TO TIIE FIL1%,C1.4L ST.4TF.NIF.Yrs- ttbtttittued FOR THE YEAR EYDED 31 DECEIIBER 20ZO 14. IOVEE*lENT I.N FUNDS Nei movemeni in funds Transfeis betsveen funits A( 31112120 Ai 111120 Unrestricted (und5 General fulld Long Temi Maintenance Fund- Bu]dings MiD15try TraiDing Fwid Plant Fund 167,009 30.720 3,777 71,699 113.3211 142,5181 15.IX)O 196.190 32,399 8,777 iO,O(K> 10.000 201.506 58.378 247.366 Restricted funds i en's Group Explorers Chrisltnas Day Lunch Fund Tuesday @Two Campaigners Alc Mission Pennies Keswi¢k at Home 575 2.647 852 Il65 (I 10) 410 2.537 852 314 349 205 781 1.457 13 (349) 205 781 1,156 (3011 (181 12.0131 (3.2701 760 Car Show Waichnighi Service Coneys Donaiions Collect¢d for Third Panic5 Mercy Fund Dads & TIKid1¢15 Word Alive CABC Long Tern) Maintenance Fund- Equipmeni 2,513 500 370 6,080 13,029 140 620 404 919 5.320 3,080 140 620 10.000 919 2lJl6 15.5171 12,518 28.317 TOTAL FUJ'DS 222.822 52,861 275.683 Page 19 continued...
THE P.4ROCIIL4L CHLRCFI cOUclL OF THE ECCLESIA.STIC_4L P.4RISH OF ST PETER IL4ROLD IVOOD NOTES TO THE FIN.NCl.L ST.4TEIIEYTS- continued FOR THE If AR E_N'DED 31 DECElfBER 2020 14. I IOVE)IENT IN FLTNDS- continued Net Tnovetnent in funds. Included in the aJxTrve are as follows.. In¢tsTning resources Resources eXnded Movemeni In funds Unrestricted fund$ G¢neral fund Long Term Mainienanc¢ Fund- Buidings 544.312 1472,6131 {13.3211 71,699 544.312 {485,9341 58.378 Restricted funds len's Group ExploTeTS Campaigners Alc ABC Car Show Waichnighi Service Coneys Donations Collected foT Third Partie5 i ercy Fund Word Alive 555 70 {720) {1801 13491 13011 11651 13491 13011 120 {2.1331 14.3301 1836} 11,926} (12.108) 12.0131 {3.2701 760 1.596 .875 12,108 17.384 {22.901) 15.5171 TOTAL FUNDS 561.696 {508,8351 52,861 Pag¢ 20 ¢(>ntinued...
THE P.4ROCHIAL CHLR I CIL OFI-HE ECCLESIASTIC.4L P.4RISH OF ST PETE FL4ROLD ITrOOD I OTES T_O THE FINI AN4CIAL STATENIENTS- coutinued FOR THE YEAR ENDED 31 DECEMBER 2020 14. I IOVENI IENT IN FUTr4DS- Contine Comparatives for mowemeDI Ètt fuDd$ Transfers benveen fijnds moi'emeni Ai Ai 111119 nre5tricted lunds General fimd Long Tetm Mi nEenance Fund- BuidiThgs Ministry Traitking Fund 165,288 30.IMM) 18,885 {14.2801 117,1641 15.000 3.777 167,009 30,720 3,777 195.288 4.605 1.613 201.506 Restricted funds Ministry Training Fund Men's Group Explorers Chtiglrnas Day Lunch Fund Tuesday @Two Campai£nets Ale Mission Pennie5 Keswick at Home 3.129 779 2.141 852 314 349 21X> 781 1,076 22 282 2.710 5.360 3.530 140 i20 11,3521 {204} 506 (1,7771 575 2,647 852 314 349 205 781 1,457 13 ABC Car Show Watchnight SeTvice Coneys Donations Colle¢ied forThird Panie5 i ercy Fund Dads & Toddle Word Alive CABC Lortg Tem) Mainienan¢e Fwid- Equipment 381 {91 1446) 930 140) 1450} 164 3,640 5.320 3.080 140 620 404 919 5.1 {4.1811 27.689 {4.7601 21,316 TOTAL FUP4DS 222.977 222,822 Page21 ctsrttiTrued...
THE P..IROCHI..IL CHURC.H COL¥NCIL OF THE ECCLESL4STIC.4L P.4RISH OF ST PF.TER HAR LDW OD ,YOTES TO THE FIN,IN'CI..IL ST.4TF.%IF.Yrs- continued FOR THE YEAR ENDED 31 DECEIIBEK ZQZO 14. IOVEf+lENT I.N FUNDS- contiDued CoTDparaiive nel movement in furKls. included in the ab)ve ate as follows: ItKorniThg resources R¢50Ut¢es expended Movement In funds Unrestri¢ted fund5 G¢n¢ral fund Long Tenn Maintenance Fund- Buidings 494.392 {475,5071 114,280} 18.885 114,2801 494.392 {489.787) 4.605 Restricted (und5 Ministry Training Fund Men's GTQUP LxploreTS Missjon Pennies 11.3531 (976) 11.3521 12041 506 772 537 ABC Car Show Wstchrtighi Se]vic¢ Coneys Donations Collecied for Third Panies Mercy Fund Word Alive Long TeTtn Maintenance Fund- Equipmenl 506 (1251 {91 {2.7161 381 191 14461 930 140} {4501 00 2.270 930 6,809 {6.8491 14.4501 14001 500 16,330 {21.0901 14,7601 TOTAL FUNDS 510.722 (510,8771 Page 22 ¢ontinued...
THE PAROCHIAL CHURCH COUNCIL OF TIIE ECCLESIASTIC,iL P.4RtSH OF ST PETE FL¥ROLD II'OOD NOTES TO THE FINXNCIAL STATE.IIE.Yts- tontinued FOR THE YEAR ELNDED 31 DECEMBER 2020 l4. I IOVENI IENT IY FUNDS- coDtiuued A cutrent year 12 monihs and prior year 12 tnonth5 combined position is as follows.. Net movemenr irt fijnds TransfeTS beNeen funds At 31112QO Ai ltr1119 Unrestricted fund5 General fund LottE Temi ML ainienance Fund- Buidings Minisiry Training Fund Plant Fund 165288 30.IXM) 90.584 (27.6011 159.6821 30,000 8.777 10,000 196.190 32,399 8.777 10,000 195288 62.983 110.9051 247.366 Restricted funds Ministry TTainiTLg Fund i en's Group Explorers Chnstma5 r)ay Lunch Fund Tuesday C2mpaI.tsneTS AI¢ Mission Pennies eswi¢k at Home ABC Car Show Wat¢hnighi Service Coneys Donations Coll¢ci¢d for Third Pafties Mercy Fund Dads & Toddlers WoTd Alive CABC Long TeTm Mi aini¢nance Fund - Equipment 3.129 779 2,141 852 314 349 21M) 781 1.076 (1,352) 1369} 396 (1,7771 410 2,537 852 314 (349) 205 781 1.156 80 {27 {2,4)9} (2,340 720 1501 282 2.710 5,360 3.530 140 520 404 5.11)0 2.677 500 370 0,080 13.029 140 620 404 919 10.(x)o 27.689 {10.2771 10.905 28.317 TOTAL FUNDS 222.977 52,706 275.683 Page 23 cootinued
THE P.4ROCHL4L CHURCH COLNI CIL OF THE ECCLESIASTIC..IL PAR.ISH OF ST PETE L¥ROLD WOOD TES TO THE FI)AYCIAL ST.4TE%IENTS- Continued FOR THE YE.4R EN4DED 31 DECE,IIBF.R 2020 14. rwlOVENIE_YT IY FUNDS- CotinUed A currerti year 12 months and prior year 12 tTh)rtths eombiThed nei movem¢ni in fund5, Included itt the above are a5 follows-. IrKomiThg resouTces R¢501]r¢es expended Movetnenl in fund5 Unrestricted funds CieneTal fund Long-f¢rTn Mainfenance Fund- Buiding5 1,038,7(H {948,1201 127,6011 90,584 {27,6011 1.038,704 1975.7211 62,983 Restricted fund5 Ministry Traitiing Futtd i ell's Group Explorers Campaigners Alc i Lssion PenJ)ies (1.3531 (1.6961 {1,3521 {3691 396 {3491 1,327 ()07 13491 ABC Car Show Watchnight Service Coneys Donations Collecied for Third Partie5 Mercy Fund Word Alive Long Temi Mainienance FU[- Equipment 506 14261 1271 14.8491 14.3301 17,685} 16.3761 112,5081 80 1271 12.4)91 12.3401 720 2,390 1,990 8.405 5.875 12.&)8 33,714 {43,9911 110,277) TOTAL FUNDS 1,072,418 11,019.7121 52,706 15. RELATED PARTY DISCLOSURES The chureh is aSSIXLaied with the New Inrne TtU5t {RegI51er Chtirity No. 10427681 by means of mllwal Istee being L Motri5 Duritjg the year. there was Tht yayable the Tnw of £12.(KK). After offsetting £ 24,016 of payroll costs reehaTged the Church was owed £12.016 ai the year end. 16. ULT[lATE CONTROLLING PARTY The church 15 gov¢rn¢d by the Patothial Church Council. Page 24
THE PAROCHL4L CIIURCll COUNCIL OF TIIE ECCLESI.4STIC.4L P.4RISH OF ST PETE IL4ROLD ITrOOD DETAILED STATELMENT OF FINLNCI.4L ACttVITIES FOR THE YEAR EIYDED JI DECEMBER2020 2020 2019 INCONI IE AIND EliDOWNIENTS DoDtions and legaties Covenanis & fTee will offering Gift aid Collections {opett plaiel 2t all seTvices Other donations Other ullds 320,487 99.IY)9 2.717 81.0?2 47,51 333,389 73.309 11,625 63,793 20,330 550,746 502,446 Ch#rit*ble attivities Salt of advtrE15ing, book5, elc Other income 105 10,247 2,213 5.878 10.352 8.091 Other itttome Bank inreresl 598 185 Total incoming resourtes 561,696 510,722 EXPENDITURE Charitable artivities Wages & salanes Social security costs PetL510ll ets51S Siaff & clergy expenses Sialf IT#ining ¢05ts PTopeny rental payable Church Tunning costs Building maintenance Oth¢T fund5 Church activities including yottih growls Parish share Church rtg23]neS. #dveTtising & iKK)kstall Donations giN'en 99.317 4.110 7,402 92.423 4,298 8,689 19.293 636 25,579 60,924 3,250 33,729 37.786 42.457 22.901 9,850 161.368 555 58,387 21,090 10,582 155,415 4,343 56,342 497,243 502,785 SkEPPOrt tosts Management Phoiocopi¢r rental Postage & stationcry Audil lees Carried forward 6.121 1.235 1.493 2,348 3.840 7,681 11.356 This pagc does 0( forn) part of the s(ory Iinaneial statements Page 25
THE P.AROCHIAL CHURCH COLTh'CIL OF THE ECCLF.SI..ISTIC.4L P..IRISH OF ST PF:TE 4ROLD WOOD DET.41LED ST.4TEMEYT OF FlNI4.4NCI.4L.4CTIVITIES FOR TEIE I'EAR E.NDED 31 DECF.IIBER 2020 2020 2019 ManageNi¢nt Brought forward Legal fee 11,356 7,681 120 11,356 7.801 Finance Bank charges 236 291 rotsl resouTtes expended 508,835 510,877 Net intomellexpenditurel i2,861 This page does not Fortn part of the 51atutory financial statements Page 26